Prudential Financial Inc. Grows Stock Holdings in ON Semiconductor Corporation $ON

Prudential Financial Inc. increased its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,003 shares of the semiconductor company’s stock after purchasing an additional 17,224 shares during the period. Prudential Financial Inc.’s holdings in ON Semiconductor were worth $12,841,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Moody National Bank Trust Division lifted its holdings in ON Semiconductor by 1.5% during the 2nd quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock worth $598,000 after buying an additional 169 shares during the last quarter. Freedom Investment Management Inc. raised its position in shares of ON Semiconductor by 2.6% during the 2nd quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock worth $412,000 after acquiring an additional 196 shares in the last quarter. New York Life Investment Management LLC lifted its stake in ON Semiconductor by 0.4% during the second quarter. New York Life Investment Management LLC now owns 62,678 shares of the semiconductor company’s stock worth $3,285,000 after purchasing an additional 221 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in ON Semiconductor by 4.1% in the second quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 223 shares in the last quarter. Finally, Applied Finance Capital Management LLC boosted its holdings in ON Semiconductor by 2.2% in the second quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock valued at $559,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

ON Semiconductor Trading Up 2.8%

Shares of ON Semiconductor stock opened at $49.64 on Friday. The company’s fifty day moving average is $49.64 and its two-hundred day moving average is $50.65. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $74.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. The company has a market capitalization of $19.97 billion, a P/E ratio of 46.39, a PEG ratio of 2.58 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

ON Semiconductor announced that its board has approved a stock buyback program on Tuesday, November 18th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 32.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. increased their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Citigroup cut their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 5th. Piper Sandler reaffirmed an “overweight” rating on shares of ON Semiconductor in a report on Monday, August 4th. Finally, Bank of America reduced their target price on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ON Semiconductor currently has an average rating of “Hold” and a consensus target price of $59.12.

ON Semiconductor Profile

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.